Titan Cement to acquire unit of Anglo American

Article Abstract:

Titan Cement Co. will purchase Anglo American PLC's Tarmac America Inc. for $636 million (Euro705 million) and will divest some of Tarmac's quarries to Vulcan Materials Co. for $227 million.

Brief Article, Vulcan Materials Co., VMC, Titan Cement Company S.A., Tarmac America Inc., Anglo American PLC

---

Portugal to shed remaining stake in cement maker

Article Abstract:

The Portuguese government is planning to complete its privatization of Cimpor SGPS. Teixeira Duarte S.A. will acquire the government's remaining 10% share in Cimpor.

Construction, Portugal, Management, Construction industry, Privatization, Privatization (Business), Cimpor SGPS S.A., Teixeira Duarte S.A.

---

Lone Star agrees to be bought by Dyckerhoff, lifting shares 42%

Article Abstract:

Lone Star Industries Inc. has reached an agreement to be purchased by Dyckerhoff AG for approximately $1.15 billion (1.09 billion euros). Under the terms of the deal, Lone Star will assume $50 million debt from Dyckerhoff. The deal represents Dyckerhoff's expansion into the American market. The company has been expanding for around five years in European markets. Lone Star is a cement and ready-mix concrete maker based in the US.

Comment:

Lone Star Industries to be purchased by Dyckerhoff for approximately $1.15 billion (1.09 billion euros)

Foreign operations, Germany, Abstract, Lone Star Industries Inc., Dyckerhoff AG

Similar abstracts:

• Abstracts: Polaroid profit fails to meet estimates, sending shares down by 20%. Agfa-Gevaert may report lower 1999 profit
• Abstracts: Bertelsmann agrees to sell net service, again to Telefonica. Telefonica, KPN launch a drive to revive merger
• Abstracts: Solectron swings to net loss in quarter on lackluster sales. Solectron lowers its profit estimate for third quarter
• Abstracts: Vodafone raises 5.62 billion euros in share sale, trumping BT. Telecity's IPO raises 27% less than first planned
• Abstracts: Baoshan Iron plans to launch global listing later this year. Baoshan Iron & Steel plans a global stock offering

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.